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FOX Business
Jan 10, 2013 6:00pm EST
a mistake to test cutting spending by holding off on this debt ceiling issue. >> that's a tough call. i do believe in the rule, and you know it, every dollar of increase in the debt should be tied to a dollar of spending cuts. this is, i think, a financial emergency we are facing, and i think that is very commonsensical, and of the president rejects that, then who is responsible for not raising the debt ceiling? the congress or the president? i guess what i am saying is, lot of this will be determined by public opinion. as the public wants, a blank check to increase debt? if so, that is what the president will get. if they say, this is a real problem and we won't give him a blank check and an unlimited credit card in demand some spending cuts. i am not sure politically how this will play of, but i just don't think the republicans are going to give the president that. gerri: you know, $1 of spending for $1 of tax cuts rule, but he could not keep that rule when he passed the deal for the fiscal cliff. how do you think, for heaven's sake, you will be able to do it this time around. >> t
MSNBC
Jan 14, 2013 8:00am PST
continues to battle with congress in terms of fiscal issues and the debt ceiling. just a matter of minutes ago actually dan pfeiffer, one of the top aides to the t president put out a note that politico breaux this morning where they said that house republicans were considering, among other things, default or possibly a government shutdown. some of the dramatic steps that the republicans of the house are considering. pfeiffer referred to that specifically today saying just another reason -- just one more way that house republicans could make themselves even less popular than they already are right now. we have a pretty good sense of what we're going to hear the president say when it comes to the debt ceiling and fiscal issues. jay carney sort of telegraphed these statements during the briefings last week, the last one was on wednesday where he said, and i pulled up the notes to get it right. he said there are only two options to deal with the debt limit. congress can pay its bill or fail to act and put the nation into default. the line in the sand was clearly drawn during those news confer
CNN
Jan 14, 2013 8:00am PST
raidsing the nation's debt ceiling, but you know the reporters are going to ask questions on those two issues that you just raised. let's just quickly talk about both of these. you're here in washington to talk about the -- you may well remember president obama trieded it, he had ted kennedy on his side, he had mccain on his side, it didn't go anywhere. what do you think if the president tries to push for comprehensive immigration reform including a pathway to citizenship for so many of the ten, 10 million illegal immigrations from -- >> they lost about 71% of the latino vote, 74% of the asian vote. the vast majority of people in the country in poll after poll after poll including your own say that people want comprehensive immigration reform that provides a pathway for citizenship. i saw john mccain yesterday on face the nation and i can tell you that we were in the room together, he's working with some eight senators, he believes that we're on the path to get comprehensive immigration reform and i think that both parties would be -- would do well by the american people if they did that and i thi
MSNBC
Jan 14, 2013 12:00pm PST
, the president had to try to explain this issue of the debt ceiling and what i think you will see were digestible terms. take a listen. >> this is not a complicated concept. you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. if congress wants to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. >> reporter: he tried to make it very clear that raising the debt ceiling does not automatically authorize future spending. he said he's more than glad to have a balanced approach going to deficit reduction talks in the future but he said that can only happen after the debt ceiling is pushed up by congress. obviously, referring to those republicans in congress that he believes have been obstructing that and what's interesting is one of the first tweets from the press secretary jay carney's twitter account after the news conference is following, basically placing blame on republicans, if people start to stop receiving checks, if we default on the debt ceiling or
FOX Business
Jan 8, 2013 9:00pm EST
trust congress to do the right thing when it comes to the debt ceiling? seventy-seven% of the people say washington d.c. is hurting the nation. folks are on to the game how likely is you can solve the debt ceiling issue and also save money? >> that will complete the depend on everybody coming to the table. we have the senate that things one thing in the house that thinks something different to. and tell there on the same page it is tough. the senate has not passed a budget in four years? it makes it difficult to do a budget agreement. so we have to get to the table. our hope is they will put out a budget. >> congressmen where should we cut spending? >> start with everything from 2007. we spend $1 trillion more per year than 2007 with a bunch of small items say why has this increased in five years' time? 2007 inflation-adjusted we would be almost in balance right now. we talk about 100 billion but we're at one point* $1 trillion. so get every single item whether it is free cell phones or in panama programs. gerri: is in the entitlement programs front and center where we should cut spending? how would you bring the president and democrats to the table? >> i have no idea. the president said that spending is
FOX Business
Jan 13, 2013 10:00pm EST
ceiling issue, which is the one now looming in congress, we saved 2,000 pointsof the stock market. it did not last, thankfully, but it was scary. it may allow the peopleuneasy. we will -- will leave be in for the same type of problem if we get right up to that deadline and no agreement? >> yes. yes. and that is why we are all annoyed and hopeful that congress will learn a lesson and not do a test again because all they're doing getting in our way causing a lot of banks and warrior necessarily for the american public and investors or a wide. gerri: a broader question. you're a smart guy and you watch all this stuff. one of the things the we're waiting for, listening tour, s&p, moody's, downgrade are dead again, what will happen? we will be the ramifications? how will that hit individual investor portfolios? >> there is a risk that traditionly when they're is a downgrade of a bond rating the value of the bond goes down as well, which means if you own u.s. government securities you're going to suffer a loss of value. that did not really happened in the s&p not just out from aaa last
FOX News
Jan 11, 2013 1:00am PST
control issue and probably in the debt ceiling issue, doesn't that smack of totalitarianism? i'm not going to go with the checks and balances that the founding fathers put into place. i'm going to sign my name and you're gonna do it. >> well, we still have checks and balances. we still have the judiciary. any executive order can be challenged in court. the truth is that the courts have generally upheld executive orders finding them perfectly consistent with the constitution. they have done it on important issues, too. president truman used executive order to desegregate the military when congress wouldn't act. we have along history of executive orders even on constitutional issues. i don't think they violate the separation of powers. >> bill: you do see that it will wind up in court and it will be a mess and particularly on the gun issue. now, how do you see it coming down? let's take the guns first. the house is not going to go along with the president's overall view. they may make a couple of minor tweaks here and there how do you think the president is going to handle it? >> well,
FOX News
Jan 9, 2013 6:00pm EST
debt ceiling issue? farfetched? but maybe the platinum proposal should not be taking people by surprise. >> so the republicans are clearly in a strong position, but the president might have a trick up his sleeve. >> is there a magic bullet to solve the crisis? try a magic coin. some economists, legal scholars and now even a congressman are suggesting a 1 trillion-dollar platinum coin could be minted and the government could use that to pay the debt, avoid default and preempt the debt ceiling crisis. >> we should have known a coin was obama's solution to everything. it was right there in his slogan. change. [ laughter ] >> bret: so clever. thanks for inviting us into your hom
FOX Business
Jan 9, 2013 12:00am EST
. hitting debt ceiling doesn't do it. >> we have go different issues. one is the debt ceiling. the second is the sequester. doug is right, debt ceiling expiring doesn't automatically cut spending but the sequester does. cuts across the board manner, social security, medicare and medicaid are exempted. deep cuts into the military and discretionary spending will go into effect. those things will happen simultaneously and force people back into the bargaining table to come up with at least a temporary patch. melissa: solving the problem in the long run is the real problem we have. governor, how do we deal with that? this is fundamental disagreement between two groups of people one side believes the government should get larger and have a bigger role and needs more revenue to do that the other side thinks we need to shrink government. those are so diametrically opposed points of view. i don't know how even though we're at this crisis point how do you resolve that fundamentally different point of view? >> well, look that different point of view has been going on since, you know, ham mil
CNBC
Jan 14, 2013 7:00pm EST
, they'll keep buying them. my two cents on the debt ceiling business. republicans ought to stay away from the issue. that's the first thing. stay away from the debt ceiling issue. stay away with government shutdowns. they're political poison and p.r. disaster. instead, on the spending sequester, $1.2 trillion stay with the spending sequester. i believe john boehner should stick with his one to $1 debt increase with a dollar spending cut. and then go to the new budget. paul ryan, where are you? we need more spending cuts, more entitlement reform and even some tax reform especially business tax cuts to spur economic growth. my two cents. here is an old friend, david walker, founder, president and ceo of the come back america initiative. he knows a lot about this. david, let me ask you this. is boehner wrong to insist that a dollar debt increase should be accompanied by a spending decrease? >> the fact is we need to pay our bills. and i do however think that we have a spending problem. the federal government has gone from being 2% of the economy, 100 years ago. to 24% today. headed to 37% by 2040 absent a cha
CNBC
Jan 11, 2013 3:00pm EST
president saying don't negotiate on the debt ceiling? >> we've raised the debt ceiling about 70 times in the past century and this has never been a controversial issue. granted we do have a $16 trillion debt at this point in time so it makes it more prescient that we do this now but i completely disagree we should have gone over the fiscal cliff. we don't have a spending problem. we primarily have a revenue problem. >> wait a second. how could you say we don't have a spending problem and it's a revenue problem. you could raise taxes by 80% on the rich and you're still not making a debt into 16 trillion. this is not a revenue problem. >> sure. it's absolutely a revenue problem. if you look at what caused this, talking about extension of the bush tax cuts primarily for the wealthy and we're talking about getting into wars we couldn't afford. >> caroline, how much revenue are you talking about? add it up. it's not making a debt into $16 trillion in debt. so if you really want to make a dent in it you've got to stop the crazy spending. >> we want to make a dent in it we need to bring unemployment so people are less dependant on social services and their tax doll
FOX News
Jan 12, 2013 3:00pm PST
sort of -- not let the spending issues get in the way of the debt ceiling problem. >> what the president has said, it's funny, you asked the question of mercedes, what if the shoe were on the other foot? go back and look at quotes from senator grassley who then as chairman of the finance committee when the republicans controlled the senate in 2006 and george bush was president, he totally "the pianisted" this -- poopooed this notion and said you got to keep the government up and running and yes, i understand -- . >> we do need to keep the government running, but at the same time, 61% of americans believe that we need to tackle this spending problem. there should be spending cuts attached to this. so in essence, i think what we need to do if we're looking at a very different economic situation at this point, you know, our economy is still very sluggish. i think when you're looking at the fact we had our credit rating dropped for the first time it happened under president obama, as well as just more deficit spending and the president doesn't believe there is a spending problem. s
CSPAN
Jan 15, 2013 5:00pm EST
. warren. >> even though we been through all this, i still play domiciled debt ceiling issue and i'm wondering if you can tell me what would have been if congress did not raise the debt ceiling and that would make it such a dangerous option for going forward. >> i think our credit rating would go down. and how would we pay the bills? how would we pay social security? how will we pay veterans? [inaudible] >> now, the republicans are saying pick and choose. and so let's have a vote here. which ones would we pick? which ones would not occur right away? i mean, the president was right to say in my judgment to the republicans, don't do it. you're playing with fire. >> i don't understand that i guess. why are they playing with fire? what would have been? >> those are two different questions. i think republicans have some idea what would have been. we've been through this with the credit rating and i think essentially they know what would have been in so they say let's pick and choose. either way, they haven't said which they would pick and which would be left aside. the president made clea
FOX News
Jan 14, 2013 1:00pm PST
dealing with the core issue. the core issue is what the congress agrees to spend. all the debt ceiling is paying our bills. the cow is out of barn. let's allow us to let any business would do which is pay your bills. >> neil: why is wall street not worried about this. all your worries were trumpeted, why is the street not worried? >> i think we have learned to live in this environment. the reality is we have accepted what appears to be kick the can down the street politics. >> neil: what would you and your fellow ceos do and have a credible debt fix, you probably would have a heart attack, but what would you do? >> it would allow us to feel more secure where we're going. we need to know the rules of the game. that is what we're asking for. i think we as citizens and not business people first. the reality is we know the problems, debt and immigration and reality as a nation when we compete against nation states, how are we going to compete if we can't solve these problems? the issue is not the debt ceiling. the issue is the fundamental core problems of the country and the inability of our
CNN
Jan 14, 2013 9:00am PST
about the debate over the debt ceiling, how it affects the overall economy. our georgia tech economics professor, danny boston joining us. danny, you and i were listening to the news conference here. obviously, this is a very important issue. and the president, he is not backing down. he says it is not negotiable here. what is the problem? what would happen if, in fact, they don't come to some sort of an agreement? >> the consequences are really enormous. and they are beyond, simply, the fact that we will default and not be able to, of course, pay our debt and have a downgrade of credit ratings. >> sure. >> that's the short-term consequences, which will be significant, but the longer term consequences relate to where will we be as a nation. because the first time we had these problems, we kind of struggled through them in a mesmes messy way. the second time, the rest of the world would have the opinion that we're not capable of seriously dealing with these issues. so it affects, where will we be necessary terms of a world leadership, as an economy, whether the rest of the world will continue to use the dollar as a reserve economy. where will wall street be in terms of his leadership? so it really, in the long run perspective,
CBS
Jan 14, 2013 7:00am PST
the first one ended, with a battle over the budget and raising the debt ceiling. so the federal government can borrow money that it needs to pay its bills. the deadline for that is coming up late next month. another issue sure to be raised today is gun violence. vice president biden was assigned to come up with recommendations for cushing gun violence after the deadly school shooting in connecticut. he will be delivering those recommendations to the president tomorrow. right now, our chief white house correspondent, major garrett is in the east room as we await the president. major, what do you expect? >> scott the president will open up with remarks about three to five minutes about the debt ceiling. it's an issue that's been with the president throughout his presidency. he's worked with congress four times to raise it the first time with the stimulus law in 2009, but this time, the president said he has no intention of negotiating with republicans in congress about whether to raise the debt ceiling, saying it's their obligation, not his. another issue clearly to come up will be gun violence. the vice president, joe biden, presents his recommendations based on his task force meetings with the president tom
MSNBC
Jan 7, 2013 8:00am PST
fact that the government is going to be shut down, the debt ceiling issue is going to be a problem, we're not going to pay our bills and we're going to potentially have more damage to our credit rating? no. that's not my point. absurd that any republican or anybody united states absolutely right. off of the a, how we create the millions of jobs that this country desperately needs. by the way, thomas, when you create jobs and create taxpayers and people are contributing revenue, then your deficit is going to go down. deal is fair. the backs of people who hurting. doesn't pay a nickel in federal income taxes. that's wrong. >> independent senator bernie sanders from vermont. sir, as always, great to have you on. thank you for your time. >> thank you. >>> apology not accepted. the log cabin republicans taking out this full page ad "new york times" in the last month. also an ad in the "washington post." opposing a potential chuck hagel nomination as defense secretary. why they still say he's wrong on gay rights. >>> happening right now, a preliminary hearing for james holmes, the suspec
MSNBC
Jan 15, 2013 6:00am PST
. you have the debt ceiling issue. all of those are in the mix right now because they are all coming to a head at the same time. we are going to need to deal with all of them. can't we be responsible? can't we work collaboratively on this? if we can -- hearing from the white house that, you know, you go figure it out. it is not my problem. i didn't have anything to do with this. that's not the way to go. >> let me ask you about your job as the head of the republican campaign committee. will you support all incumbent house republicans no matter what under all circumstances? or -- is your job to eliminate primary opposition? >> you know, i love how you -- you know, we try to talk in absolutes here. we are a member of organization that supports republicans and republican members of the house. here's when we do and we go out and recruit. i think, you know the voters want to check and balance in washington. we are going to offer a positive alternative. great candidates. we now -- second biggest majority since world war ii coming off the biggest majority. we intend to build on that. and we
CNBC
Jan 14, 2013 3:00pm EST
investors should handle the noise out of washington on the debt ceiling issue. >>> then the ceo of the company that owns the stock exchange. up next with jeffrey sprecher. he will join me exclusively. >>> also facebook has been red hot lately. tomorrow there's a big announcement. could it disappoint or ignite a bigger rally for the stock? coming up. [ male announcer ] you're not the type of person who sets goals and only hopes to achieve them. so you'll be happy to know that when it comes to your investment goals, northern trust uses award-winning expertise to lead you through an interactive investment process. adding precision to your portfolio construction by directly matching your assets and your risk preferences against your unique life goals. we call it goals driven investing. your life has a sense of purpose. shouldn't your investments? ♪ expertise matters. find it at northern trust. office superstore ink retailer in america. now get $6 back in staples rewards for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. >>> welcome back. we're follo
CNBC
Jan 15, 2013 3:00pm EST
you think. t-bills. at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attributing to anxieties and rule 2a7 from the s.e.c. which gives you rules on what kind of time frames can you have with respect to holding in the money funds and a little bit of selling today may be from that group as well. >> anxiety over the debt ceiling crisis? >> exactly. about getting principal back as ridiculous as it may sound. >> david, jump in here. feels like a slow volume day again. are people waiting on some of the banks earnings because tomorrow we've, of course, got some bigies? >> waiting on earnings, but earnings expectations are very low. i think 60% to 70% of stocks will beat their estimates this quarter, and i'm going to watch for guidance over the balance of the year, maria. now you'll have three guests here who are going to be favorably disposed to the market and that makes me
FOX News
Jan 9, 2013 4:00pm PST
trillion-dollar coin proposal to solve the debt ceiling issue? farfetched? but maybe the platinum proposal should not be taking people by surprise. >> so the republicans are clearly in a strong position, but the president might have a trick up his sleeve. >> is there a magic bullet to solve the crisis? try a magic coin. some economists, legal scholars and now even a congressman are suggesting a 1 trillion-dollar platinum coin could be minted and the government could use that to pay the debt, avoid default and preempt the debt ceiling crisis. >> we should have known a coin was obama's solution to everything. it was right there in his slogan. change. [ laughter ] >> bret: so clever. thanks for inviting us into your home tonight. that is it for this "special report." fair balanced and unafraid. it t. is webs so "special report" online starts in 5 seconds. >> this is the fox report. tonight disturbing self-photographs of the movie massacre suspect. disturbing pictures they say they found on his phone. plus a crowded ferry slams into a pier. commuters tossed about by the dozens hurt. >
FOX Business
Jan 8, 2013 6:00pm EST
. how likely is it that you can solve this debt ceiling issue and also, also save some money, which i know you want to do? >> well, that will come to depend upon everyone coming to the table and getting a chance to work on it. we have, as you know, as senate the things one thing about spending in a house that think something different. until we can get them on the same pace mmx a tough. the senate has not passed a budget for years. makes it difficult to do budget agreements. one side says we're going to put it through committee or do anything. the deal is, we have to get to the table, and our hope is in the days at the senate will come to the table, put out a budget and get it done. gerri: congressman, tell me where you want to save. can you be specific? >> you take everything that changed in 2007. we spent a trillion more per year and we did in 2007, and that is not on any one item. you take each one of those, a little bit of time. why has increased this much and just five years time. in fact, if we took 2007 and just inflation-adjusted every single year for normal increases we wou
FOX News
Jan 9, 2013 8:00am PST
the debt ceiling. not to mention the very hot-button issues of gun control and immigration reform. some say the president might actually be itching for the fights. joining us now juan williams, fox news political analyst. is he spoiling for a fight here, juan? >> i think this lame duck has some bite, jon. i think he feels at the moment that he has won the majority of the american vote twice now. at is strongest he will be for some time. you think how a lame duck starts to lose political power in this town after about six to eight months. so this is his moment of maximum leverage, jon. he is going to try to use it, i think, to force things through. i think that is why he is, decided that the nomination like chuck hagel, which is fairly controversial, nonetheless is sure to be a winner for him because he's got the power of the presidency at a moment when he feels, you know, it is never going to be more powerful for him and in the rest of the second term. jon: i made that observation the other day because chuck hagel is not popular among some, even in the republican party. so the pre
FOX News
Jan 14, 2013 8:00am PST
nation's debt ceiling. they intend to do it this time. heather? heather: a lot going on in washington. we hear rumors the president may address the issue of immigration reform. that may be one of the top priorities of his administration. is he expected to talk about that? >> reporter: perhaps but even before that the president is likely to be asked about efforts to curb the nation's gun violence with vice president biden set to give recommendations to the president as early as tomorrow. he has been looking at the issue. now, the president favors a ban on assault weapons, a ban on high capacity magazines. the national rifle association says he doesn't have the votes to force that. all this of course in the wake of the shooting at the school in connecticut that cost the lives of 20 children in addition to six adults. he will also be asked about reshuffling his cabinet. his election of chuck hagel as defense secretary, moderate senator from nebraska, drawing fire mainly from republicans. all but negating the president's attempt to reach across the aisle. hagel has been criticized for his criticism what he calls the jewish lobby which he says
ABC
Jan 14, 2013 7:00am PST
diane, the president will lay down a very strong marker on that issue of the debt ceiling. will it hit of how much it can borrow. the president says that congress must raise it. he will not negotiate. it's their responsibility. that puts the president squarely at odds with the president. they'll demand spending cuts before raising that ceiling. the president will not engage in negotiates, period. it's simply congress's responsibility to act. >> he's ruled out any unilateral work-around. >>> an element of here we go again. >> it certainly does. so many times, back in august 2011, again, just before the end of this year, the president in pa major confrontation with congress over fiscal issues, taxes and spending and debt. >> you're looking at the door slightly ajarred to the green room, right next to the east room, and the president has been gathering there, we noticed that he postponed this press conference a couple of times this morning. a few delays. >> supposed to be around 11:15. we're almost half-hour after that. not quite. the president could face questions about personnel in
FOX News
Jan 13, 2013 7:00am PST
it he gets it if he doesn't, he doesn't. meantime issues like the debt ceiling and gun control are he shall issues they say they may act unilaterally on. where does that leave the american people? >> i think those critics who say that about president obama's strategy they are probably right. president obama has a strong hand he has a better hand in washington than republicans do. the problem with things like gun control; in the senate even modern democrats join with republicans. if he tries to do something unilateral with debt ceiling or with guns the fight we are seeing right now and the fights we have seen in the last four years they will pail in comparison to just how locked down the whole city becomes over something like that. it would be such an incredibly melcose stand for the president to take especially on something like guns. probably less so in the debt ceiling. another thing that is shocking it senate majority leader reed and those in the senate acting unilaterally. when the last time you heard a chamber of commerce saying take the power away from us. he lost his power. >> nancy pelosi has b
MSNBC
Jan 15, 2013 11:00am PST
regarding the debt ceiling and the inevitable issue that is are faced by those who need to make the decisions for us. >> yeah. we have got this triple deadline coming up. and nobody -- everybody says they don't want to do it at the last minute the way we did with the fiscal cliff but nobody seems to be talking about it yet. you don't have negotiations started. granted we are in a bit of a holding pattern with the inauguration coming up and maybe things start to happen after that but nobody seems to be jumping in proactively for a solution to these issues that are coming up and that's because they're tough decisions. they're hard. and nobody has something that is universally palatable ready to off offer. >> with that said, will we see a separation of spending cuts the republicans say they want to desperately and separate it from the debt ceiling? as the president said, you can't run out on a meal you have eaten. this is not new debt. this is bills we have acquired. the government and this country must be obligated to do the same. >> well, the president would like to see these negotia
FOX Business
Jan 14, 2013 11:00am EST
really talk about anything here. the debt ceiling is something that he will lead with. you should expect to hear a number of different issues. gun control will be one of them. fiscal issues did not know away. i think that and deficits will be a major part of what you hear from the president. connell: dagen had a good question earlier, why a formal news conference now? >> i think he is trying to put maximum pressure on the republicans to negotiate. i think the republicans are in disarray. when your opponent is weak, go for the kill. dagen: third-graders compromise would be on guns. we want to introduce the president of the united states. >> good morning. i thought it would make sense to take some questions this week as my first term comes to an end. it has been a busy and productive for years. i expect that same thing for the next four years. right now, our economy is growing and our businesses are creating jobs. we are poised for a good year, if we make smart decisions and sound investments. as long as washington politics do not get in the way of america's progress. as i said on the campaign, one component to growing our economy
CNBC
Jan 8, 2013 4:00am EST
. >>> as the debt ceiling issue plays out in washington, new research suggests the u.s. government could run out of resource toes meet all of its financial obligations as early as february 15th. we know we've hit the debt ceiling, but we're going to run out of time to stresh that. mid february. what's your take on all this? >> i haven't followed closely what maneuvers timothy geithner can use to extend the debt ceiling by the way the u.s. government can extend it in the past is simply not pay its bills. so any sort of cash reserves you'll have to replenish later. whether february 15th is the absolute deadline and whether the treasury department can squeeze it further i think it can probably get to the end of the month of february. >> what's the real significance of this event for the global economy? >> well, the worst scenario, of course, would be that everything koms comes grind to go a halt, the u.s. government acan't pay its bills because congress cannot agree on a deal and all this process takes place as it was in the battle between clinton and the republican congress way back.
FOX Business
Jan 15, 2013 11:00am EST
suggested a negotiation chip, it's not in the debt ceiling. whatever happens there in the next round of tax reform, cost cutting, all of these items that are going to be before us, once we get past this debt ceiling issue so my recommendation with investors is that at this point in time, it's premature to react to those comments, even though they may be troubling to all of us. let's see how it unfolds before you begin making any investment moves based on a potential tax hike. cheryl: well, yeah. talking about more tax revenue coming in, i'm sorry, but ears perk up. let's talk about the specific company that you like on your radar, and there's a couple reasons. first and foremost, they doubled the dividend on monday. the company doing well financially, at the same time, dividend payers like a ford, joe, could, again, fall out of investor payer. do you stick by ford if the tax fight continues? >> yes, because beyond the dividend, it's an attractive stock. auto industry as a whole, we think, has still tremendous upside potential since it bottomed out in 2009, it continues to improve. ford, specifically, streamlined down to lincoln and ford models. they have a ways to go yet, but they are really looking to co
PBS
Jan 9, 2013 4:00pm PST
budget resolution as well as the bigger issue around the debt ceiling. and then we need to get to the longer-term issues in terms of where america is going, and that starts with tax reform as well as immigration issues and infrastructure issues. >> i hear the same message from business people across the country. we need more certainty from washington if we're going to kick start growth in this economy. is washington helping or hindering in a bid to bring unemployment down in the country? >> being the optimist that i am, i say washington is attempting to help. what was passed at the end of the calendar year was a good first start. but there's a lot more that needs to be done. they are helping. if we can get past some of the partisanship and get into citizenship, we can move along a lot more quickly. businesses are frustrated. >> what are the bigger things you mentioned, the things america needs to do to stay competitive in this challenging economic environment, domestically and globally? >> absolutely. first, you've got to get through the fiscal issues. balance in the deficit and budgets, number one. and th
FOX News
Jan 15, 2013 8:00am PST
their criteria that they've set for why they will -- when they will raise the debt ceiling, they are free to go ahead and try. jon: chief congressional correspondent mike emanuel is live on capitol hill now. how are some of the top republicans responding to president obama on this debt ceiling issue? >> reporter: well, jon, republicans are clearly uncomfortable with prominent democrats already talking about a tax increase when you consider the fiscal cliff deal raised taxes and every worker with a payroll tax hiring expiring and raised taxes on upper income americans even further, check your pay stub. a leading republican says responding to the president what's critical is getting spending under control. >> it's a compelling message saying we ned to pay the bills we've racked up. of it messes the whole point again. think of it in terms of a credit card. in you have a son or daughter who exceeds the limit, the first thing you do is rip up the card, the second thing you do is you say you need to change your spending habits. >> reporter: they say we need to a just what bills we are paying and how they are paying. jon: the issue of depending on disaster relief could provide tkraeupl drama there on capitol hill. >> reporter: speaker john boehner promised that the house would take up sandy relief b
FOX News
Jan 8, 2013 10:00am PST
course, you see, megyn, that the government should deal with the debt problem, debt ceiling issue by coining a trillion dollar platinum coin, which is-- >> i kind of like that one. >> yeah, that's what-- i just, i did a little research before coming on with you, megyn to see what's the value -- what kind of real value would have a platinum coin have and the government did for a period of time mint some platinum coins including a one ounce coin that sold for about $1800. if a one ounce coin is worth $1800, the united states doesn't have a trillion dollar worth of platinum to convert into a giant coin, it would have to take a coin worth less than $2,000 and what, sprinkle fairy dust on it and say this is a trillion dollar coin and then try to deposit it with the fed and try to borrow against it, that would be the idea. >> megyn: no more ridiculous than some of the other things we've seen out of the beltway. >> no more ridiculous than some things, but in the end i think these ideas are basically nutty. >> megyn: this whole thing is an argument over that we've seen before between the pre
MSNBC
Jan 13, 2013 9:00am PST
white house. on the debt ceiling issue it is dramatically different. and on top of that you also have two other issues where these two sides will be going head to head. again, the issue of sequester. and obviously, the continuing resolution, basically the way the government is paid for going forward. so we've got a busy couple months ahead of us. >> we do. hey, peter, we have to take note that we're going to see you in a little more dressed down, little more casual sigde of you at the bottom of the hour for office politics. for anyone who wants to see what goes on behind the scenes with you, tune in. are you nervous? >> i think i have a pretty good sense how this is going to go. i was more nervous when you came here-p but i know you took good care of me. it will be all right. >> it will. it will be interesting for folks who stick around. thanks, peter. >> thanks, alex. >> carol lee and associate politics editor for roll call david drucker. welcome to both of you. >> good morning. >> carol, i'll speak with you first. as the president says, he's not going to use his executive powers to
CSPAN
Jan 13, 2013 6:00pm EST
, a deal that looks at a bunch of these issues. trying to avert the debt ceiling debate by invoking the 14th amendment, cementing dosh minting the trillion dollar coin -- do you think those are viable options, would you be opposed to them being used? , i don't believe anyone should hold the -- >> i don't believe anyone should hold the american people ransom for what they could not get done in the ballot box. paying for our debts in the past -- for things we did, we borrowed money. republicans and democrats alike past these budgets -- passed these budgets. in our publicans are saying they don't want to pay for the things they voted for -- now republicans are saying they don't want to pay for things they voted for in past budget. to allow them to put conditions on the balance deal by saying we are going to ask for a ransom, devastating cuts to social security and medicare, in order to cover costs for things like the bush tax cuts, unpaid wars in iraq and afghanistan -- i agree with the president. the american people should not be held hostage with this game of using the debt ceiling a
FOX
Jan 15, 2013 5:00am PST
pay its bills if congress does not raise the debt ceiling. president barack obama will not negotiate with congress on this issue. while republicans want any increase in the debt ceiling to be tied to spending cuts... >> the issue here is whether or not america pays its bills. we are not attend beat nation and so -- there is a very simple solution to this. >> now in a statement, house speaker phil boehner indicated the republican party is prepared for a fight and the consequences of increasing the debt ceiling are real but so too is the consequences of allowing our spending problem to go unresolved. >>> they are closely watching this debt ceiling battle in washington and if congress does not act on the debt ceiling, the national economy could fall and that would have a negative affect on california's budget numbers. they revealed a budget surplus in many years and that's thanks to a new tax revenue from proposition 30 as well as spending cuts. >>> the social media is buzzing about a possible announcement by facebook. janine de la vega joins us now from menlo park with more on a mystery event that is going to take place
CNN
Jan 14, 2013 4:00am PST
way. we've got a debt ceiling issue that the president's going to have to deal with. there are a lot of other issues the president's going to have to deal with, immigration reform. i think the president's going to have to spend time on this whether he wants to or not. >> connie mack, nice to see you. >> nice to see you. >> please tell your lovely wife we're sorry she lost all her luggage and was stuck at the airport. >> love you, honey. >> we'll get back to john berman with a look at some of the other stories ahead this morning. >>> we'll be talking about the golden globes. ben affleck didn't get nominated for an oscar, but his surprise win at the globes may be vindication. we'll have that, the other surprises, and the big snubs in a live report. >>> he's known for his role on "breaking bad," but actor steven michael casada has a new role to play, local school board member. you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others
MSNBC
Jan 9, 2013 9:00am PST
the continuing resolutise the debt ceiling. those are issues that will hurt the business community, the defense industry, which they are loathed to antagonize. the contention that somehow republicans are going to sit this one out and not be hurt is wildly misguided, at best. >> it's absolutely -- i think right now we can see that all of the weakness in the economy is the responsibility of the republican party, right? i'm just going to say it, right? there are so many things we could have been doing to rebound this economy, put americans directly back to work, the american jobs act, uncertainty on the investment side, but really the bread and butter of people getting to work, money going into communities is not happening because of the republican party. when we look back in history, that's the big tragic moment in history. >> the banner of blame, i salute you, my friend. >>> coming up, a former fed official likens aig's suit against the government to a patient suing their doctor for saving their life. we will examine said patient and others cured by bailouts when ezra klein joins us
MSNBC
Jan 14, 2013 10:00am PST
debt ceiling. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> taking a stand on the one-month anniversary of the newtown massacre. the families speak out. >> this is a promise to turn the conversation into actions. things must change. this is the time. this is a promise we make to our precious children because each child, every human life, is filled with promise, and though we continue to be filled with unbearable pain, we choose love, belief, and hope instead of anger. >> calling them out. tough words from former secretary of state general colin powell for his fellow republicans on race. >> there's also a dark vein of intolerance many some parts of the party. >> the end of the longest war and the man president obama has nominated to wind it down coming up. retired general stanley mcchrystal on chuck hagel. the exit strategy from afghanistan and his own career. >>> plus, show stopper. president clinton he should the standing ovation with his surprise appearance on "lincoln" at the golden globes. >> in "lincoln" we see a man more interesting
CSPAN
Jan 15, 2013 1:00am EST
-- consider some sort of executive action on this debt ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there -- the 14th amendment. but just this morning, one of the house democratic leaders, jim clyburn, asked you to use the 14th amendment and even said, sometimes that's what it takes. he brought up the emancipation proclamation as saying it took executive action when congress wouldn't act, and he compared the debt ceiling to that. so are you considering a plan b, and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there's a very simple solution to this: congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and i'm happy to accept it. but
MSNBC
Jan 10, 2013 9:00am EST
the debt ceiling doesn't get raised temporarily, it is better off if the government issues ious essentially. >> yeah. it is essentially what we would be doing. i mean -- you know, you call it whatever you want. it is essentially the trillion dollar coin would be an accounting fix. it would be -- temporary transfer of money from treasury to the federal reserve. we would pay our bills on time until the debt ceiling gets raised. then coin would go back to treasury and get melted down and would actually be no new money in the system. in the abstract stuff like this makes sense. as a way to get past the debt ceiling. in terms of how we actually govern ourselves and future and reaction in the markets, it is just not a viable solution. the only solution is for congress to raise the debt ceiling and pay for stuff that already said it would pay for. >> more importantly, who will be on the -- on the coin? that's what we -- >> i think tony should be. >> someone suggested maybe make it $1000 billion coins. whoever racked up the 10 highest debts of any president or something like that. >> ca
CSPAN
Jan 13, 2013 10:00am EST
bunch of these issues. one thing that's being discussed is trying to avert the debt ceiling debate by either invoking the 14th amendment, minting a $1 trillion coin. what do you think about those? do you think those are viable options and would you be opposed to them? >> i don't believe that anyone should hold the american people hostage for a ranssome that they couldn't get in the ballot box. and that's what we see being done with the whole issue of the debt ceiling. for things we did we borrowed money. in fact, republicans and democrats alike passed these budgets and now republicans are saying they don't want to pay for the thing that is they voted for in these previous budgets. that to me is not the way you run government once again and to allow someone to play political mischief, to put preconditions on a balanced deal by saying we're going to ask for a ransom devastating cuts to social security and medicare, in order to cover costs to things like the bush tax cuts, unpaid for wars in iraq and afghanistan don't make sense. so i agree with the president. the american people shou
KRON
Jan 6, 2013 11:00pm PST
kicking and scream, to the table when we have these other big issues like the debt ceiling to get him to talk about it. i wish he'd lead." >> reporter: i'm elizabeth corridan, reporting. >> president obama has signed a financial aid package for victims of superstorm sandy into law. the bill delegates more than 9-billion dollars to help the government pay flood insurance claims. a congressional vote on a larger. 50-billion dollar aid package is set for later this month. however. that bill is likely to face some tough scrutiny. as lawmakers look ahead to more battles over spending and debt. >> the president is also expected to nominate chuck hagel as the countries newest defense secretary tomorrow. the former republican senator from nebraska. and decorated vietnam war veteran. would to replace strong relationship during their time together in the senate. both men will likely face a lot of questions from congress. on where hagel stands on many key issues. >> when parking around san franciscoyou will now need to feed the meter seven days a week. today marks the first day of sunday parking en
ABC
Jan 6, 2013 6:00pm PST
dragged kicking and screaming to the table when he have these other big issues like the debt ceiling to get him to talk about it. i wish he would lead. >> after nancy pelosi appeared on national tv it was off to her annual happy new year's celebration in san francisco. she was greeted with a roar of applause at the presidio. the meeting answers the delance si street foundation. considered the country's leading residential self-help organization for the homeless, ex-cops. pelosi was instrumental in getting federal money for the program. >> wasn't bad outside. >> leigh: showers this morning and then as we forecasted last night, moved out quickly and actually saw lots of clearing this afternoon. even a nice sunset. but the sun is down now. as you look from the high definition east bay camera. you see san francisco in the background. rainfall the past 24 hours, most locations, less than a quarter inch, and you can see on live doppler 7hd that it is out of here. we are looking at this live, and you can see there are no returns picking up on our sweeps here. we'll say goodbye to the system
MSNBC
Jan 14, 2013 9:00am PST
range of issues, including the looming debt ceiling crisis. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills, and we are not a deadbeat nation. what i will not do is have that negotiation with a gun at the head of the american people. the financial well being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. >> joining me on the panel today, author and host of studio 360, curt anderson, the hills amy parns, msnbc contributor, former chief economic advisor for vice president bide sxen senior fellow at the center of budget and policy priorities, and henry kurtzburg, and joining us is peter alexander from the white house. do we have you there? we do. we had heard during the fiscal cliff/slope debate the president was not prepared to relitigate battles over the debt ceiling. he did not get that as part of the package at the end of the year, but this press conference should leave no doubt in anyone's minds. the president does not want
CNBC
Jan 14, 2013 9:00am EST
have been talking about to avoid the debt ceiling are off the table. the administration in one form or another over the past several weeks has rejected the platinum coin idea. that was on saturday. scrips or ious issued by the government. and asset sales, which is another thing that's been making the rounds. jay carney on saturday saying there are only two options for putting the nation into default. others say the ideas put off the debt ceiling problem, or make the country look like a banana republic. some house republicans are seriously considering putting the nation into default. po lit ohco in a story this morning said default is becoming more widespread and getting more serious traction than people realize. kathy mcmorris rogers telling politico i think it's possible we would should down the government to make president obama understands that we are serious. she said there is no more road to kick the can down when it comes to spending cuts. meanwhile, the federal reserve would not comment on what they would do if there's an order from the treasury to make a payment, but there is no money in the treasury's bank account. previous debt ceiling debates, treasury and the fed work together to come up wit
CNN
Jan 15, 2013 8:00am PST
ceiling become as real issue pd at government has to stop spending about $100 billion a month. that means the government will have to lay off people and that will mean more unemployment and more pain for people. it also means the government won't be able to pay all 6 it bills and it may stop sending money to the businesses in the united states. some of whom could go bankruptcy because of it. >> critics have said you can list out all of the things that won't get paid respect but in the end it has a massive ripple effect. and yet the house speaker said yesterday the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved. so i think a lot of people are tormented over this. they agree with both sides. yes, we can't spend, no, we can't default, but who does big business see this? >> big business is pretty clear. i've spoken to a lot of ceos. they don't want to have the debt ceiling be the problem. they think that would be very bad for the economy and for everyone in the economy. they worry about i
CSPAN
Jan 11, 2013 2:00pm EST
is done, the feeling is that it is kind of kicked down a road, whether it is the debt ceiling issue in the summer of 2011 or now the fiscal clift a crisis of last month, government shutdowns. we are seeing more and more partisan entrenchment, and therefore, last-minute deals that do not seem to solve problems. that is a frustration that everybody shares. in the sense that we are dancing very close to the edge of allowing drastic about things to happen because of that. there's a frustration that spans all generations. host: to find out more about the survey from the pure research center, they have it on line. we have included a link to it. thanks for your time. >> in about 40 minutes, afghan president ahmed karzai will speak at georgetown university. you can watch these comments at about 5:30 p.m. eastern on c- span. now we will show you the press conference. the two leaders discussed the progress of the war and the planned withdrawal of troops from afghanistan next year. this is about 40 minutes. [indiscernible] >> good afternoon, everybody. >> it is my pleasure to welcome president ka
CNBC
Jan 8, 2013 9:00am EST
macro economic environment. there are still plenty of people who think the debt ceiling issues could be a debacle. february 15th, a little earlier than expected, a lot of people floating ideas that moody's might downgrade the u.s. debt sometime this quarter, if there's no grand bargain that ever appears, and that looks increasingly unlikely. i'm in the camp that the risk is to the down side on the stock market right now. earnings today, as you just mentioned here, look, the question has been whether or not putry was the trough in earnings that things would get better from here. it's going to be modest improvement. q4 isn't looking that great. we're only looking at roughly 3% improvement in earnings. that's not great. top line growth has been nonexistent throughout last year. q3 top line growth was zero. zero. we haven't seen that in a long time. you want to know how weird that is? the ten-year eenaverage is 7%. maybe it will be 3%. that's the hope. it's coming down as we're going in. so we may be at a trough in the third quarter, but the fourth quarter certainly isn't going to be gan
MSNBC
Jan 14, 2013 1:00pm PST
crisis. >> the president warned republicans to act responsibly on the debt ceiling or risk sending the nation through another economic crisis. but it was on the issue of gun violence that the president most vigorously demanded that congress act on its conscience, exactly one month after the tragedy at sandy hook. >> my starting point is to focus on what makes sense, what works. if, in fact, and i believe this is true, everybody across party lines was as deeply moved and saddened as i was by what happened in newtown, then we're going to have to vote based on what we think is best. >> but, unfortunately, that may be some wishful thinking. as the president admitted to facing forceful opposition that may not have our children's best interests at heart. >> those who oppose any common sense gun control or gun safety measures have a pretty effective way of ginning up fear. somehow the federal government's about to take all your guns away. there's probably an economic element to that. it obviously is good for business. >> indeed. seizing on word that the president may take action through executive order, gun sales are going gangbusters. "the new york times" r
MSNBC
Jan 7, 2013 7:00pm PST
morning i attended a briefing by the bipartisan policy on the debt ceiling. they did amazing work on this issue and really got into the weeds on it more than anyone i have seen before. they looked at how many checks the government sends out a month. how the payment software works, and i want to tell you, and maybe congressman salmon five of the things they had. because after you hear this you wouldn't want to bust for the debt ceiling, they project right now that the debt ceiling doomsday, really the final day for it would happen sometime between february 15th, and march one. either congress figures out the debt ceiling before then or things get very bad, real quick. first it means the federal government will have to default on 40% of our obligations, 40% of what we do will be gone. let's say they make decisions on medicaid, medicare, defense, food stamps, kind of just the bare services there. doing all that will mean defaulting on everything, and really i mean everything else. the fbi will shut down, people responsible for tracking down loose nuclear weapons, the court system closes its doors. the
CNBC
Jan 11, 2013 9:00am EST
opinion is there's a huge difference between moral obligation and debt obligations, maybe the debt ceiling issue directly isn't the best avenue. the two-month delay on the sequester, do you think that's the best qualifier in your group of arrows to try. >> the best arrow in the quiver is the appropriation process. unfortunately for the process, it's the debt ceiling will happen first, followed by the continuing resolution lapse. so both are opportunities to try to curtail. they are coming in the wrong order. if a way to reverse that, i might be in favor of doing that to get them into the proper sequence. >> thank you. one final thought. in six months, when i have you on again and maybe a couple times interim, do you believe the discussion will be how many spending cuts the republicans in the house were able to be a catalyst toward with some great achievement that approaching a grand spending bill. could we have that conversation in six months? >> well, i would love it if we could, but let's be honest. we had a status quo election. the president wants to continue to spend money, so we continue to be the r
CNN
Jan 12, 2013 9:00am PST
cause this kind of fight with the president? not right now with the debt ceiling and bigger issues looming. >> what do you think of jack lew? he's to replace tim geithner. seems that we're on the verge of a different kind of philosophy now. >> yeah. i think what's interesting is barack obama is getting to people who are closer to him. jack lew used to be chief of staff. obama's like, look, my first term i was getting all the people to make america happy. now i'm getting people to do what i want them to do. a lot of people didn't like how fiter in did the job so obama is putting his own thumb on this one. >> people said he's too much like the president or backing his policies. i thought isn't that why you pick people for your cabinet? >> exactly. that's what barack obama wants to do. he is now safe. he doesn't have to worry about running ever again. so he's like, look, i'm going to put my stamp on america whether you like it or not. >> a lot has been said about this, that in many ways the new cabinet, the high posts are older white men, not reflective of american society. there have been a
KRON
Jan 6, 2013 8:00pm PST
have these other big issues like the debt ceiling to get him to talk about it. i wish he'd lead." >> reporter: i'm elizabeth corridan, reporting. >> we started with showers but now, clear. as we go for it the night tonight it transition's over to clear conditions. transitioning again to cloudy conditions tonight. we have a weather system that is moving into the bay area. the rainfall will stay well to the north. clouds in the morning and sunshine for the afternoon we have some pretty nice systems. sunshine and warmer temperatures with low mid- 60s. here is the satellite. there is the storm from this morning. south-east. clear skies with this next system but the bulk of the rainfall is going to stay to the pacific northwest. showers near eureka here we are at midnight tonight with clear skies and the system is the rain and the clouds as we go for tomorrow look for the clouds to increase with mostly cloudy skies. as this weather system departs we will see clearing for the afternoon with temperatures in the 60s in some spots. 30's in the north bay. mid 30's for the east bay. loma 4
CNN
Jan 14, 2013 11:00am PST
control the senate, they say no way, sir. and so you have this fight over the debt ceiling, but it is about bigger issues. the debt ceiling has nothing to do with immigration reform, nothing to do with the proposals on gun control, nothing to do with anything else the president might want to do in his second term, but guess what, it does affect the climate in washington. and the fact that he does not have a more trusting, even a private back channel relationship with the key republican leaders is one of the -- one of the reasons and they had responsibility too, i'm not putting it all on the president it a washington crisis if you will, a trust deficit. it is one of the reasons -- >> mitch mcconnell talking. >> so you have to have the vice president go to the senate republican leader, two guys -- they're not best of friends. trust me. i know them both. they're not best of friends. they do trust each other. mitch mcconnell knows if joe biden gives him his word, it is good. we need more of that in washington, not less. >> let me ask you, since i have you, something else the president mentioned, asked, of course,
CNBC
Jan 8, 2013 6:00am EST
. we've been talking about the debt ceiling and one issue we've not talked about on this show yet is what i think is a crazy idea, but i think you know where i'm going with this about this platinum coin that everybody is talk about. about whether the treasuries get over the debt ceiling, can actually mint a platinum coin worth $1 trillion and call it a day. but i feel like it's getting transaction in weird places. >> well, among politicians, so there's your point. look, here is a couple problems i have with it. one is that the fed is not allowed to buy platinum. so how does the money get created? the government can print whatever it wants on any coin it wants. it's a clever idea. gold coins work and the amount of gold is more than ta face value so you never sell it at face value. so you would have to have a coin that would be worth more than $1 trillion after you melt et down and -- >> but would that convince anybody that we have any situation on what's going on and we've managed it? >> absolutely not. and the person who came up with this idea would be the first to say that. >> who came u
NBC
Jan 13, 2013 10:30am PST
, in washington. the debt ceiling fight that's on the horizon. is this going to impact the broad economy in the earning season, do you think? >> i guess this whole political thing is these are all the bricks in the wall of worry that equity markets are continuing to climb. you know, we know how to talk about these things, they're out there, in the media a lot. we follow them sometimes like a sport. maybe we exaggerate a little bit how much these political match nations, i don't want to minimize them but i think sometimes we miss the point that there are really good companies out there who figured out how to make really good money with all of this political noise going on. >> and yet, greg, so many potholes ahead. you know we're going to see a lot of back and forth over raising the debt ceiling, sequestration is still on the horizon now. less than two months away. the continuing resolution. i want you to take a listen to the president's spokesperson this week on the debt ceiling and get your reaction to that. >> sure. >> he will not negotiate with congress when it comes to the ess
CBS
Jan 9, 2013 5:00pm EST
sequestration and the budget resolution as well as the bigger issue around the debt ceiling. and then we need to get to the longer-term issues in terms of where america is going, and that starts with tax reform as well as immigration issues and infrastructure issues. >> i hear the same message from business people across the country. we need more certainty from washington if we're going to kick start growth in this economy. is washington helping or hindering in a bid to bring unemployment down in the country? >> being the optimist that i am, i say washington is attempting to help. what was passed at the end of the calendar year was a good first start. but there's a lot more that needs to be done. they are helping. if we can get past some of the partisanship and get into citizenship, we can move along a lot more quickly. businesses are frustrated. >> what are the bigger things you mentioned, the things america needs to do to stay competitive in this challenging economic environment domestically and globally? >> absolutely. first, you've got to get through the fiscal issues. balance in the deficit and budgets, number one. and the
NBC
Jan 14, 2013 7:00am PST
, to consider some sort of executive action on this debt ceiling issue. i know you've said you're not negotiating and your administration has ruled out the various ideas that were out there, the 14th amendment, but just this morning one of the house members asked you to use the 14th amendment and said sometimes that's what it takes. he brought up the proclamation and he compared the debt ceiling to that. so are you considering a plan b? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there is a very simple solution to this. congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and i'm happy to accept it. but if they want to keep this responsibility, then they need to go ahead and get it done. and there are no magic tricks h
CSPAN
Jan 15, 2013 6:00am EST
issues. without going into all the different ramifications, i want to say one word about the debt ceiling, which is not everybody understands what the debt ceiling is about. the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it l
CNBC
Jan 10, 2013 2:00pm EST
ceiling will be another issue. but last year is no real good news. and we had a fantastic year. i look for more of the same. stocks are extremely underowned. so we are looking to buy great businesses on sale. >> mark, do you agree with craig? will 2013 end higher for over all stocks than it began? >> you know, brian, i like craig and respect him greatly. but -- >> that sounds like disagreement right there. >> with all due respect, he's wrong. >> no, i think to annualize the first seven days, you know, somewhat, you know, ridiculous. but i think -- >> yeah, okay. it is ridiculous. now we're fighting. here is the thing, that's what history -- history says -- history has shown, not always, that it does work more than it doesn't. >> well, you know, i think that there is always that first time brian. >> i think it does but they will take their lumps early in their next term which is where we are today. i think the bond market moving right after the announcement of the so-called avoidance of the fiscal cliff is somewhat telling. but they call them in the clinton administration are getting wa
FOX News
Jan 14, 2013 10:00am PST
president on his own track record on this issue. >> as you well know, sir, finding votes for the debt ceiling can sometimes be complicated, you yourself as a member of the senate voted against the debt ceiling increase, and in previous aspects of american history, president reagan in 1985, president george herbert walker bush, and president clinton, deals contingent upon raising the debt ceiling and you yourself, related to debt or budget related maneuvers. and what many people are curious about the new adamant desire on your part not to negotiate that seems to conflict with the entire hire in the modern era of the presidents and the debt ceiling and your own debt ceiling and doesn't it suggest we're going into a default situation because no one is talking to each other about this. >> no, major, i think if you look at the history. getting votes for the debt ceiling is difficult and votes in in town are difficult. i went through this last year. what is different we never saw a situation like we saw last year in which certain groups in congress took such an absolutist position that we c
MSNBC
Jan 14, 2013 11:00am PST
protracted battle over the debt ceiling at all. it wasn't a big issue. i was covering politics for nbc at the time. the debt ceiling increase was seen as a procedure and a very partisan vote then but not something you were reporting on for weeks and months like we have in 2011 then and now on the debt ceiling debate and, of course, what happened in 2011 was a loss to the nation's credit rating. there's big differences between 2006 and now. >> and also, to factor in with the differences you pointed out is how much the president has offered in negotiations. as far as cutting spending, not as if it's been a zero sum game from the white house regarding the nation's spending problem and an acknowledgment of that. >> one of the messages president obama is trying to get across today how much is cut in spending, whether it was in that 2011 debt ceiling agreement in the budget control act, whether it was also the revenue that was increased with the end of the fiscal cliff talks that we had right at the beginning of the new year, tamron. so, president obama said, look, we have really cut a l
CNN
Jan 13, 2013 7:00am PST
immediate stumbling block of the failure to raise the debt ceiling. that's a legal matter. as a political matter, i think it's basically a nonstarter because it seems comical and it seems ridiculous. >> bruce, you suggest an alternate strategy which is one bill clinton has talked about and colombia law professors do. i have the implicit authority to raise the debt ceiling without congress, correct? >> that's right. of course, i'm not a legal scholar, but i do oppose the existence of the debt limit. i even testified before the senate finance committee that we should get rid of it. it's a dreadful left over from ancient history that simply creates opportunities for hostage taking by congress, such as the one we're facing right now and our foreign policy, we don't negotiate with hostage takers for a very good reason and i think that we need to get rid of this debt limit. but i'm perfectly willing to go along with the trillion dollar coin, if that's what's necessary to prevent this hostage from being taken. >> so, jeff, take us through the constitutional argument here because the, as i unders
CNN
Jan 13, 2013 10:00am PST
cliff would not be the real issue. the debt ceiling would be. you see this as taking us close to the brink, again. could it take us over the brink? >> potentially. keep in mind that we have two other -- in addition to the debt limit, we have, in effect, two other fiscal cliffs approaching. one is the appropriations bills for 2013, which have not yet been finished and we'll have a government shutdown unless they have, unless those bills are enacted and the second is the $1.2 trillion sequester, which triggered the fiscal cliff, but was only delayed by two months and that runs out, as well. so, we have the debt limit, the sequester and the appropriations. all essentially coming due at more or less the same date. my assumption is and i guess everybody else's is, is these will all be rolled into together into one massive punt the ball down the road bill. >> jeff, if any of this does end up in the supreme court, you know, the administration does some kind of legal maneuver. what's the history of this one. an executive legislative battle. do they say, this is political, this is not constit
CSPAN
Jan 11, 2013 9:00am EST
it is the debt ceiling issue in the summer of 2011 or now the fiscal clift a crisis of last month, government shutdowns. we are seeing more and more partisan entrenchment, and therefore, last-minute deals that do not seem to solve problems. that is a frustration that everybody shares. in the sense that we are dancing very close to the edge of allowing drastic about things to happen because of that. there's a frustration that spans all generations. host: to find out more about the survey from the pure research center, they have it on line. we have included a link to it. thanks for your time. this has just been posted on the "washington post" politics page about senator jay rockefeller. a story saying that the senator will not seek a sixth term in 2014. a press conference is being scheduled. stay close to c-span for more information on that concerning senator jay rockefeller and his political future. do not forget, later on this afternoon about 1:15 p.m., a joint press conference between president obama and president hamid karzai of afghanistan prepared -- of afghanistan. you can se
FOX
Jan 15, 2013 7:00am PST
the middle of february if congress doesn't raise the debt ceiling. president obama says he will not negotiate this issue with congress but republicans want any increase in the debt ceiling to be tied to spending cuts. >>> the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so -- there is a very simple solution to this. >> now, in a statement, john boehner indicated the republican party is prepared for a fight. he said "the consequences of failing to increase the debt ceiling are rule but so are the consequences of allowing our spending problem to go unresolved." >>> state lawmakers in sacramento are closely watching this debate in washington. the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue from
CNBC
Jan 15, 2013 1:00pm EST
has long since started in washington as the debt ceiling key bait speaks up. president obama issued this warning to house republicans during a news conference yesterday. take a listen. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the people is not eleven rafrmged to with used. it is not a bargaining chip. and they'd better choose quickly because time is running short. >> representative lynn jenkins is a republican from kansas. she is also the house republican vice chair. i guess basically i should ask you to respond to the president. >> well, i wish the president would stop campaigns and come over to the hill and have a conversation with us. republicans are willing to work with this situation which is our out of control wasest watt errand spending. >> you'd like to have him -- he sayed yesterday he has a nice pick imevery year. he said this in the wall street toufrpd. it's wrong to think of it as ooh long stamp. those days are onner. that debt limbet is one of the last steps toing tagt tachlkts there are a lot of america
FOX News
Jan 15, 2013 10:00am PST
the country's debt ceiling. our credit limit. fitch, a leading credit ratings agency says the u.s. could lose its top rating if this issue is not resolved. there are some who believe that president obama was sending a signal in yesterday's news conference that he might have to use what some are calling the constitutional option as an end around congress, when it comes to this debt limit issue. the president suggesting if congress does not want to raise the debt ceiling, he could. >> what i'm saying to you is that there's no simpler solution, no ready, credible solution other than congress either give me the authority to raise the debt ceiling or exercise the responsibility that they have kept for themselves and raise the debt ceiling because this is about paying your bills. everybody, everybody here understands this. i mean, this is not a complicated concept. you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. and if you do, you're breaking the law. >> megyn: jonna spilbor is a columnist and writer for the national review. those comments, he goes on to say there's no simp
MSNBC
Jan 14, 2013 7:00pm PST
the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an assault weapon ban. >> everybody is totally upset by it. >> what makes sense? what works? >> this is a moment to act. >> this is a promise to turn the conversation into actions. >> if there is a step we can take that will save even one child, we should take that step. >> the lecturer in chief returns to the east room of the white house today to explain something to congressional republicans that previous presidents have not had to explain to congress. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. a
CSPAN
Jan 14, 2013 11:00pm EST
card bills. it was the sole solution to the debt ceiling in august of 2011 in the u.s. downgraded last time. so all these issues are important and it's very important that congress take necessary action to raise the debt ceiling to avoid a situation where government doesn't pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in a deal, it certainly went part way, but leaves a number of issues still on the table. would you care to raise that as an additional fiscal cliff that is facing us? would you think that it's not as concerning as it was when you raise that term initially? >> as i said the fiscal cliff, if it is allowed to take place, it probably would have traded a recession this year. a good bit of that has been addressed. nevertheless, we still have fairly restrictive fiscal policies now. it is estimated that federal fiscal policy will we have quite a bit to do to address the their long-term sustainability issues. there's a lot more work to do. let me be very clear about that. it's going to be a long haul and it's not going to happen overnigh3
NBC
Jan 6, 2013 5:30pm PST
behind him, the president faces another looming showdown over the nation's debt ceiling, its borrowing limit. today, senate minority leader mitch mcconnell insisted the tax issue is resolved but demanded spending cuts. >> i wish the president would lead us in this discussion rather than putting himself in a position of having to be dragged kicking and screaming to the table to discuss the single biggest issue confronting our future. >> reporter: also tonight, an administration official tells nbc news that the president is likely to name his selection for cia director tomorrow, the person who would replace david petraeus. the two men who are being considered as top candidates right now are the homeland security and counterterrorism adviser to the president, john brennan, and on the left of your screen you see the acting cia head, mike morrall. lester? >> thank you. >>> in addition to the battles over the debt ceiling and cabinet nominations, the president has a lot more on his plate in the coming weeks, including a fight over guns after the tragedy in newtown. and there's word tonight about what the obama administration is planning to do. we get our report from nb
PBS
Jan 14, 2013 3:00pm PST
the debt ceiling are real but so too are the consequences of allowing our spending problem to go unresolved. the spending and debt issues took most of the president's attention today, but he also turned to the issue of gun violence. after the shootings at an elementary school in newtown connecticut, he appointed vice president biden to come up with recommendations for action. the vice president met with lawmakers today and with groups on both sides of the issue last week. plans to submit proposals by tomorrow. president obama would not discuss specifics today. instead he said this. >> i'm confident that there are some steps that we can take that don't require legislation and that are within my authority as president. and where you get a step that has the opportunity to reduce the possibility of gun violence, then i want to go ahead and take it. >> brown: he conceded that a fight in congress is likely but he hopes that some compromise is is possible. >> the issue here is not whether or not we believe in the second amendment. the issue is are there some sensible steps that we can take to make sure that somebody like the indivi
CNBC
Jan 12, 2013 6:00am EST
parts and then sequestration issues and we will face them again with the debt ceiling debate i'm sure, and then all of those problems and you will see the concerns and the stock will sell off, but the longer term cyclical story for the company is positive. 50% of the operating costs for an airline is now fuel costs up from 25% as many years ago and that obviously means that the way for them to resolve that is newer and more efficient aircraft. this is efficient aircraft and the way of the future, and all we need to do is to see them continue to keep their production up. ten a month is what we are looking for by the end of the year by boeing, a we and we are not seeing cancellations, and the aircraft has had these problems and we saw them with the a-80 and those were structural issues with the wing, and that is what would give you reservations about getting on a plane, and that would be it. but they will resolve the problems and this is a pullback to buy the stock. >> and mike is bullish and using a risk reversal, and let's crack open the playbook to see how it works. buy a call and th
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